Which of the following would lead to an increase (rightward shift) in the demand for money? an increase the acceptance of credit cards increase in the interest rate decrease in the interest rate increase in price level decrease in price level

Which of the following would lead to an increase (rightward shift) in the demand for money? an increase the acceptance of credit cards increase in the interest rate decrease in the interest rate increase in price level decrease in price level

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Wouldn't the answer for this one be an increase in price level since we have an increased demand for money? I'm only given one attempt at this; please help asap.

Which of the following would lead to an increase (rightward shift) in the demand for
money?
an increase the acceptance of credit cards
increase in the interest rate
decrease in the interest rate
increase in price level
decrease in price level

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